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CPI Card Group is a payments technology company that provides the connections, people, and software needed to issue and process payment cards for a broad set of customers, including thousands of U.S. financial institutions, processors, fintechs, prepaid program managers, and more. It operates a proprietary platform that links issuers, processors, networks, and program managers to support card issuance, card processing, and program management across current and emerging payment methods. The company differentiates itself through its extensive network, long-standing relationships, and flexible, integrated solutions that cover issuance, processing, and program management at scale. Its goal is to enable customers to deliver and manage payment card programs today and as the payments landscape evolves in the future.
Company Size
501-1,000
Company Stage
IPO
Headquarters
Littleton, Colorado
Founded
1982
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Health Insurance
Dental Insurance
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Disability Insurance
Health Savings Account/Flexible Spending Account
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
Tricor PMT25 Holdings Inc. acquired 525,000 shares of CPI Card Group Inc. at $21.50 per share on 14 September 2026. The purchase increased Tricor's total stake to 2,701,056 shares, with the recent acquisition representing approximately 19.4% of its overall holding. Tricor PMT25 Holdings is recognised as a 10% owner of CPI Card Group. The transaction was reported to the SEC under code P, which indicates a purchase of securities.
CPI Card Group announced the pricing of a secondary public offering of 2,337,323 shares of common stock at $21.50 per share. The shares are being sold by stockholders affiliated with Parallel49 Equity. Underwriters received a 30-day option to purchase up to an additional 350,598 shares at the offering price. The offering is expected to close on or about 14 September 2026, subject to customary closing conditions. CPI is not offering any shares and will not receive proceeds from the sale. Total gross proceeds to the selling stockholders, before deducting underwriting discounts and expenses, are expected to be approximately $50.3 million. B. Riley Securities and D.A. Davidson & Co. are serving as joint book-running managers, whilst Lake Street Capital Markets is acting as co-manager for the offering.
CPI Card Group reported strong financial results for the second quarter and first half of 2026, delivering revenue growth of 15% and 17% respectively. The first half performance marked a record for the company. The firm announced that Terra Grantham has been permanently appointed as Chief Financial Officer, having previously served as interim CFO. Grantham joined CPI in 2017 and has been instrumental in the company's development as a payments technology provider. CPI also welcomed Davis Barker as Head of Investor Relations. President and Chief Executive Officer John Lowe expressed confidence in the leadership team's ability to communicate the company's value proposition to investors. The company held its earnings call on 6th August 2026, where executives discussed the quarterly results and took questions from analysts.
CPI Card Group reported second-quarter revenue growth of 15% to $149 million, up from $130 million year-over-year. The company raised its 2026 revenue growth outlook to high single digits to low double digits and increased free cash flow guidance to $45 million-$50 million. First-half free cash flow reached a record $36 million, compared with $1 million in the prior-year period. Secure Card Solutions revenue increased 17% to $111 million, driven by higher contactless card volumes and a $5 million contribution from Arroweye, acquired in May 2025. The TRISM Instant Issuance acquisition is expected to drive Integrated Paytech growth to approximately 20% in 2026, with $3.5 million-$4 million of revenue anticipated later this year. Prepaid Solutions revenue increased 18% to $23 million, though the company expects continued market volatility through late 2026.
CPI Card Group reported record first-half revenue growth of 17%, driven by strong demand for contactless cards and personalization solutions. The company raised its full-year revenue guidance to high single digits to low double digits. The firm successfully integrated Arroweye and acquired TRISM, which doubles its addressable market for instant issuance by adding on-premise solutions for large financial institutions. Integrated Paytech revenue growth expectations increased from 15% to approximately 20% for 2026. CPI Card Group achieved record free cash flow of $36 million in the first half through inventory optimization. Full-year free cash flow guidance was raised to $45 million to $50 million. In July 2026, the company redeemed $26.5 million of senior notes, reducing net leverage to 2.7x from 3.6x the previous year. Management expects the Prepaid Solutions segment to remain choppy through late 2026 due to fraud prevention transitions.